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LNG: EU Nations Set LNG Transhipment Rules but Near Term Supply Impact Unlikely

LNG
Energy BulletsBulletPower BulletsCommodities

New EU LNG rules to block Russian transhipments are unlikely to impact near-term prices or supply, according to Montel.

  • Spain, France and Belgium have begun deploying new regulations ahead of an EU transhipment ban next year.
  • “This could complicate logistics and create headaches for some companies importing Russian LNG,” said Jacopo Casadei at Energy Aspects, but EU supply is unlikely to be diverted away.
  • New Spanish TSO Enagas rules ensure traders re-exporting LNG to a non-EU country are required to have unloaded an equivalent non-Russian cargo in the preceding 15 days and must have contracted storage capacity for the same period.
  • Measures in France included the introduction of mandatory reporting to track Russian LNG deliveries.
  • New Belgian measures are still “under discussion” between authorities, customs, ports and Fluxys.
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New EU LNG rules to block Russian transhipments are unlikely to impact near-term prices or supply, according to Montel.

  • Spain, France and Belgium have begun deploying new regulations ahead of an EU transhipment ban next year.
  • “This could complicate logistics and create headaches for some companies importing Russian LNG,” said Jacopo Casadei at Energy Aspects, but EU supply is unlikely to be diverted away.
  • New Spanish TSO Enagas rules ensure traders re-exporting LNG to a non-EU country are required to have unloaded an equivalent non-Russian cargo in the preceding 15 days and must have contracted storage capacity for the same period.
  • Measures in France included the introduction of mandatory reporting to track Russian LNG deliveries.
  • New Belgian measures are still “under discussion” between authorities, customs, ports and Fluxys.